Friday, February 11, 2011

How is the market - is now a good time to buy?

The most common question we hear at the Grove Team is, "How is the market? Is now a good time to buy or sell?" The short answer - YES!

The Wall Street Journal last week stated: “With home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents the best low-risk buying opportunity out there today.”

Donald Trump was just quoted saying: “I’m pretty sure this is a great time to go out and buy a house. And if you do, in 10 years you’re going to look back and say, ‘You know, I‘m glad I listened to Donald Trump’.”

John Paulson, a multibillionaire hedge fund operator and the investment genius who made a killing betting against housing a few years ago, is now bullish on residential real estate market. He recently said: “If you don’t own a home, buy one. If you own one home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.”

A recent Gallup Poll showed that 67% of American’s think that now is a ‘good time’ to buy a home. The Gallup Organization went on to say: “Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.”

The iconic financial paper in this country, the country’s most famous real estate investor, the most successful prognosticator of the housing market and 2/3 of all Americans say now is the time to buy a home.

Are you or someone you know in the market to buy or sell? Call us on the Grove Team direct, (817) 337-0000 or online www.groveteam.com.

About Me

The Grove Team is committed to providing you with a total real estate resource center. The success of this commitment has been recognized nationally ranking in the top 1% of all U.S Realtors. Established in 1995, all members of the Grove Team are licensed Realtors.